OppFi (NYSE:OPFI – Get Free Report) updated its FY 2023 earnings guidance on Thursday. The company provided EPS guidance of $0.34-$0.41 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $500.00 million-$520.00 million, compared to the consensus revenue estimate of $507.90 million.
Analysts Set New Price Targets
Separately, Needham & Company LLC lifted their price objective on shares of OppFi from $2.50 to $3.50 in a report on Friday, May 12th.
Check Out Our Latest Research Report on OPFI
OppFi Trading Up 1.4 %
OppFi (NYSE:OPFI – Get Free Report) last issued its earnings results on Thursday, May 11th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06. OppFi had a net margin of 1.33% and a return on equity of 2.56%. The company had revenue of $120.37 million for the quarter, compared to analysts’ expectations of $111.69 million. On average, equities research analysts predict that OppFi will post 0.27 EPS for the current year.
Insider Activity
In related news, Director Jocelyn Moore sold 21,028 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $1.95, for a total value of $41,004.60. Following the completion of the transaction, the director now owns 105,381 shares of the company’s stock, valued at $205,492.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 65,364 shares of company stock worth $138,930. Corporate insiders own 87.20% of the company’s stock.
Institutional Trading of OppFi
A number of institutional investors have recently modified their holdings of the company. State Street Corp boosted its holdings in OppFi by 204.5% in the second quarter. State Street Corp now owns 135,899 shares of the company’s stock worth $447,000 after acquiring an additional 91,265 shares in the last quarter. Northern Trust Corp boosted its stake in OppFi by 371.6% in the 2nd quarter. Northern Trust Corp now owns 108,227 shares of the company’s stock worth $356,000 after purchasing an additional 85,276 shares in the last quarter. Renaissance Technologies LLC grew its position in OppFi by 254.7% during the 2nd quarter. Renaissance Technologies LLC now owns 98,600 shares of the company’s stock worth $324,000 after purchasing an additional 70,800 shares during the last quarter. Vanguard Group Inc. grew its position in OppFi by 11.2% during the 3rd quarter. Vanguard Group Inc. now owns 588,485 shares of the company’s stock worth $1,354,000 after purchasing an additional 59,101 shares during the last quarter. Finally, Rhumbline Advisers acquired a new position in OppFi during the 2nd quarter valued at approximately $62,000. 3.23% of the stock is currently owned by institutional investors.
OppFi Company Profile
OppFi Inc operates a financial technology platform that allows banks to offer lending products. Its platform facilitates the OppLoans, an installment loan product; SalaryTap, a payroll deduction secured installment loan product; and OppFi Card, a credit card product. The company was founded in 2012 and is headquartered in Chicago, Illinois.
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